It is hard to image a decline of just over a cent in EUR/USD would rebalance the scales, but the move has been enough to allow a period of near-term stabilization.
EUR/USD has bounced to the 1.4715 level after a slide to 1.4679, GBP/USD is back up to 1.6100 from 1.6067 lows. Look for offers in the 1.61110/15 area near-term in cable. EUR/USD is a more open playing field.
